The IIT Bombay Heritage Fund, a registered charity in the US, has won $10,000 (Rs 5.33 lakh) through a crowd-sourced philanthropy programme.
A total of $5 million was awarded to charities through online voting as part of the fourth edition of the Chase Community Giving contest, run by global financial services firm JP Morgan Chase. When the results were announced on Thursday, it emerged that the IIT Fund was one of 196 charities from around the world to be awarded donations, from among a total of 30,000 nominees. This is the first time the Fund participated in the challenge.
"As a relatively young charity restricted to IIT-B, we didn't even think we had a chance," said Bakul Desai, chairman of the IITB Alumni Association. "It was through viral networking of our alumni as well as support from other IIT alumni groups that we did well."